Tunica County, Mississippi Property Taxes
The median property tax rate in Tunica County is 1.21%, which is higher than the national median of 0.99% but lower than the Mississippi state median of 1.31%. With a median home value of $52,396 in Tunica County, the typical annual property tax bill is $625, considerably less than the national median of $2,690. Property taxes in Tunica County are calculated based on the assessed value, which is generally lower than the actual market value due to various property tax exemptions, such as those for primary residences and agricultural use. Understanding the specifics of Tunica County's property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can lead to significant annual savings. Whether you live in Tunica or another part of Tunica County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Tunica County, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$634
$588
Ownwell’s Tunica County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tunica County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Tunica County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Tunica County, Mississippi
Property taxes in Tunica County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Tunica County is 1.21%, which is higher than the U.S. national median of 0.99%. Local government entities within Tunica County set these rates annually, and they can vary significantly between different areas within the county. Each year, Tunica County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Robinsonville has one of the higher property tax rates in the area at 1.26%, while the city of Sledge boasts one of the lowest at 1.21%. Analyzing how Tunica County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Tunica County Tax Rate
1.21%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tunica County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Dundee | 0.78% | 0.85% | 1.21% | 1.81% | 1.81% |
| Robinsonville | 0.56% | 0.87% | 1.26% | 1.89% | 1.89% |
| Sarah | N/A | N/A | N/A | N/A | N/A |
| Sledge | 0.79% | 0.80% | 1.21% | 1.64% | 1.81% |
| Tunica | 0.79% | 0.85% | 1.21% | 1.45% | 1.81% |
Source: Ownwell
Property Tax Assessment Values Across Tunica County, Mississippi
In Tunica County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Tunica County Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Tunica County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Tunica County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Tunica County, Robinsonville has the highest median tax bill at $1,124, while Sledge has the lowest at $290.
Property Tax Assessment Values Across Tunica County, Mississippi
Source: Ownwell
$26,938
$63,058
$99,178
Average Tunica County Assessed Value
$52,396
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Tunica County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Dundee | $7,808 | $19,843 | $40,406 | $97,997 | $217,651 |
| Robinsonville | $24,024 | $59,045 | $99,178 | $120,942 | $138,301 |
| Sarah | N/A | N/A | N/A | N/A | N/A |
| Sledge | $4,956 | $16,625 | $26,938 | $49,050 | $128,667 |
| Tunica | $11,866 | $28,457 | $46,510 | $84,609 | $159,323 |
Source: Ownwell
Property Tax Bills Across Tunica County, Mississippi
Property tax bills in Tunica County, Mississippi, are calculated based on the assessed value of a property, which is derived from its market value. The median home price in the county is $52,396. Homeowners' tax bills are influenced by the assessed value and the local tax rate. For instance, the 25th percentile tax bill is $306, while the 75th percentile tax bill reaches $1,283, indicating a range depending on property values and specific exemptions. Factors such as property location and applicable exemptions also play a significant role. For example, Robinsonville has the highest median tax bill at $1,124, while Sledge has the lowest at $290. These variations highlight the impact of different local tax rates and property values within the county. Compared to the national median property tax rate of 0.99%, Tunica County's rates can be more favorable, offering potential savings for homeowners. Understanding these factors helps homeowners anticipate their property tax obligations and plan accordingly.
Average Tunica County Tax Bill
$625
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Tunica County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Dundee | $91 | $215 | $487 | $1,259 | $3,032 |
| Robinsonville | $255 | $565 | $1,124 | $1,867 | $2,571 |
| Sarah | N/A | N/A | N/A | N/A | N/A |
| Sledge | $67 | $174 | $290 | $546 | $1,551 |
| Tunica | $123 | $296 | $564 | $1,122 | $2,002 |
Source: Ownwell